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Important: This is an individual assignment, you are NOT allowed to receive or give assistance of any kind The following table presents four variables that may be used to estimate Value of Office Building. Floor space in square feet Number of offices Number of entrances Age of the office building in years Assessed value of the office building 215 2 2 20 1,42,000 Based on the Excel output, answer the following: 217 2 2 12 1,44,000 219 3 1.5 33 1,51,000 An additional office will increase the value by: 221 3 2 43 1,50,000 223 2 3 53 1,39,000 The coefficient of determination for this model is: 225 4 2 23 1,69,000 227 2 1.5 99 1,26,000 The p-value for the model is: 230 2 2 34 1,42,000 232 3 3 23 1,63,000 The p-value for Number of Offices is: 234 4 4 55 1,69,000 236 2 3 22 1,49,000 What is the estimated value for a building with 220 square feet, 2 offices, 2 entrances, and 15 years old? Use the MS Excel’s add-in ‘Regression’ and generate the output in the yellow area below.

Important: This is an individual assignment, you are NOT allowed to receive or give assistance of any kind
The following table presents four variables that may be used to estimate Value of Office Building.
Floor space in square feet Number of offices Number of entrances Age of the office building in years Assessed value of the office building
215 2 2 20 1,42,000 Based on the Excel output, answer the following:
217 2 2 12 1,44,000
219 3 1.5 33 1,51,000 An additional office will increase the value by:
221 3 2 43 1,50,000
223 2 3 53 1,39,000 The coefficient of determination for this model is:
225 4 2 23 1,69,000
227 2 1.5 99 1,26,000 The p-value for the model is:
230 2 2 34 1,42,000
232 3 3 23 1,63,000 The p-value for Number of Offices is:
234 4 4 55 1,69,000
236 2 3 22 1,49,000 What is the estimated value for a building with
220 square feet, 2 offices, 2 entrances, and 15 years old?
Use the MS Excel’s add-in ‘Regression’ and generate the output in the yellow area below.

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